# ABB to acquire PowerTech Converter business

ABB announced it will acquire the PowerTech Converter (PTC) business, a supplier of auxiliary power converters for light rail and metros, from RCP. PTC has ~280 employees and generated ~€60 million in 2021 revenue.

- Type: Acquisition
- Announced: 2022-09-19
- Where: Berlin, Germany; Holzkirchen, Germany; Mount Olive, USA, Germany
- Status: announced
- Products: auxiliary power converters for rail vehicles, PowerBriX with SiC technology
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [RCP](https://endata.com/companies/52236.md) (partner)
- [PowerTech Converter](https://endata.com/companies/65371.md) (target)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/94920/abb-to-acquire-powertech-converter-to-expand-its-traction-offering), 2022-09-19: "Through the acquisition, ABB will expand its strong presence in the rail segment and will be better positioned to seize growth opportunities resulting from increasing industry demand for sustainable transport solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.